Park National Corp OH trimmed its position in shares of D.R. Horton, Inc. (NYSE: DHI) by 33.0% during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,183 shares of the construction company's stock after selling 84,711 shares during the period. Park National
Argent Capital Management LLC lessened its position in shares of D.R. Horton, Inc. (NYSE: DHI) by 3.8% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 425,849 shares of the construction company's stock after selling 16,660 shares during the quarter. D.R. Horton makes
CX Institutional lowered its stake in D.R. Horton, Inc. (NYSE: DHI) by 91.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,487 shares of the construction company's stock after selling 47,190 shares during the quarter. CX Institutional's holdings in D.R.
Cotality's chief economist Selma Hepp warns the 30-year fixed mortgage rates could spike to 9% if inflation reaccelerates and growing fiscal deficit drive long-term US Treasury yields up further. While not her base case, Hepp emphasized in a recent CNBC interview that such an “extreme” rate environment will severely paralyze housing activity, deepening the affordability crisis and freezing existing inventory as homebuyer demand collapses.
Following bouts of considerable underperformance, notable names across the housing, restaurant, and aviation industries have announced significant buyback programs. This includes a top U.S. homebuilder that now has buyback capacity equal to more than 10% of its market capitalization.
“This is the pain that comes with bringing inflation down,” Julia Coronado, founder and president of Macro Policy Perspectives, told Marketplace listeners on September 21.
Lennar, the nation's third-largest home builder, had a earnings miss last week. But it wasn't inflation driving up construction materials or tariffs or wages or any of the other usual suspects that stood out.